Investers can buy GMR Infra, IVRCL, Lanco Infra: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that long term investors can buy GMR Infrastructure, IVRCL, Lanco Infratech. “Lupin and Sun Pharma are buys,” he adds.

Sukhani told CNBC-TV18, “Chartically infrastructure stocks do not look bad. They are all making bottoming out patterns. Making a double bottom, coming out of it which essentially means developing basing patterns. When basing patterns are under development charts become choppy, because the market is keeping on testing the lows and trying to find out is this the end of the downmove. That appears to be happening in GMR Infrastructure, IVRCL, Lanco Infratech. So this is an opportunity for a long-term investor. For the long-term investor GMR patterns are the best opportunities to enter. For traders I would say just avoid them.”
 
“Lupin and Sun Pharma are buys. Sun Pharma was also a buy recommendation in the morning and we are adding Lupin to it. Both stocks are appearing to be ready to make new highs,” he added.